CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,280 shares of the financial services provider’s stock after purchasing an additional 93 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in CBRE Group were worth $1,902,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CBRE. American National Bank & Trust acquired a new stake in CBRE Group in the third quarter worth $28,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock valued at $29,000 after buying an additional 215 shares during the period. Crewe Advisors LLC acquired a new position in shares of CBRE Group in the 1st quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new position in shares of CBRE Group in the third quarter valued at $32,000. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Evercore ISI lifted their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Raymond James increased their price objective on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley began coverage on shares of CBRE Group in a research report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price on the stock. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.83.

CBRE Group Stock Performance

NYSE CBRE opened at $133.82 on Wednesday. CBRE Group, Inc. has a twelve month low of $72.10 and a twelve month high of $137.93. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $40.95 billion, a P/E ratio of 43.03 and a beta of 1.39. The company’s 50-day simple moving average is $123.79 and its 200 day simple moving average is $105.89.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the company earned $0.72 EPS. CBRE Group’s revenue was up 14.8% on a year-over-year basis. As a group, research analysts forecast that CBRE Group, Inc. will post 4.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the transaction, the director now owns 51,244 shares in the company, valued at approximately $5,739,328. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the completion of the transaction, the director now directly owns 51,244 shares of the company’s stock, valued at $5,739,328. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now directly owns 217,094 shares in the company, valued at approximately $24,894,168.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.